Important: Listings are compiled from publicly available sources and have not been independently verified by BeforeMortgageUSA.com. We do not endorse any broker or guarantee outcomes. Verify licensing and disciplinary status with the Michigan before hiring.
Showing 3 reverse mortgage specialists in Marysville, MI
Listings are displayed in no particular order and are not ranked by BeforeMortgageUSA. Order does not constitute a recommendation or endorsement of any broker.
Edward Jones - Financial Advisor: Joseph S Lewandoski
1100 Michigan Ave Suite C, Marysville, MI 48040
8103643114
Chase Home Lending
2425 Gratiot Blvd, Marysville, MI 48040
7188643806
Chase Mortgage
1650 Busha Hwy, Marysville, MI 48040
8103645575
What Does a Reverse Mortgage Specialist in Marysville Cost?
Typical costs for a reverse mortgage in Michigan include an origination fee of up to 6000 dollars, a mortgage insurance premium of 2 percent of the home value, and third party costs such as appraisal and title fees which range from 500 to 1500 dollars. Total closing costs often fall between 8000 and 15000 dollars. Costs vary by loan amount and property value. This is general information and not mortgage or financial advice.
* Cost estimates are general ranges based on publicly available data and compiled using automated research tools. Actual fees vary by agent and case complexity. This is not mortgage or financial advice — consult directly with an agent for fee specifics.
Frequently Asked Questions
What are the age requirements for a reverse mortgage in Marysville Michigan?
Borrowers must be at least 62 years old. If married the younger spouse must also be 62 unless a specific exception applies under Michigan law.
Do I need to own my home free and clear to qualify for a reverse mortgage in Marysville?
No you do not need to own the home free and clear. You must have significant equity and the existing mortgage must be paid off with the reverse mortgage proceeds.
What is the counseling requirement for a reverse mortgage in Michigan?
Michigan law requires all borrowers to complete a counseling session with a HUD approved counselor. This session covers costs alternatives and obligations. You receive a certificate that is valid for 180 days.